hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Closing Gold & Silver Market Report – 4/8/2011

THE SILVER LINING JUST GOT A LITTLE BRIGHTER: Gold and silver prices have benefited from the inflation fears and a weak U.S. dollar rising to record breaking highs again today. Silver has closed over the milestone $40 mark and gold holding above $1470. Many factors affect the price of precious metals. Frank Lesh, a broker and analyst with FuturePath Trading in Chicago said, “Two words, the dollar and inflation.” Fears that the government will shut down have put the dollar at its weakest level against the euro since January 2010. The government is funded through midnight but will shutdown Saturday morning without a deal in place.

Gold has seen a steady rise since January, going up more than ten percent. The beginning of gold’s rise was the political unrest in the Middle East and North Africa. The focus has shifted from Egypt to Libya, but prospects are fading to overthrow Gaddafi now that the U.S. is out of the fight. Now we hear that Yemen’s Saleh again is rejecting a move to replace him. Japan has stopped pumping radioactive water into the sea but that is the first bit of decent news from the troubled reactor.

This commentator has said it in the past and will say it again; precious metals are an appealing safe haven for your investment portfolio. When the world’s nations learn to get along and inflation is no longer a fear then we won’t have to think about safe havens for our money.

At 4 AM (CT) the APMEX precious metals prices were:

  • Gold spot price – $1,476.20(up $16.90)
  • Silver spot price – $41.02 (up $1.40)
  • Platinum spot price – $1,815.80 (up $26.20)
  • Palladium spot price - $796.50 (up $15.30)

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Items In Cart


There are no items in the cart.

PLATINUM